Enteral Feeding Devices Market

Nestlé (Switzerland) and Cardinal Health, Inc. (US) are Leading Players in the Enteral Feeding Devices Market

The enteral feeding devices market is projected to reach USD 4.1 billion by 2024 from USD 2.9 billion in 2019, at a CAGR of 6.7%. The growth of this market is primarily attributed to factors such as the rising healthcare costs and prevalence of chronic diseases, growing awareness on enteral nutrition, and rapid improvements in healthcare facilities, especially in emerging countries. The shift from parenteral nutrition to enteral nutrition and growing adoption of and demand for enteral feeding devices in home and ambulatory care settings are also expected to drive the market in the coming years.

Nestlé (Switzerland) is one of the leading manufacturers of enteral feeding formulas and devices and supplies its products directly to hospitals and healthcare facilities. It holds a leading position in the enteral feeding devices market. The company’s products address a wide range of health conditions—from pediatric allergies to inborn errors of metabolism as well as obesity and malnutrition among the elderly. The company’s product portfolio includes gravity feeding sets, nasogastric and percutaneous feeding tubes, and connectors. Over the years, the company has grown at a steady pace in this market with the help of various organic and inorganic growth strategies. In line with this, the company has collaborated with players like GE Healthcare (US) and Flagship Ventures (US) to bring about innovation in the clinical nutrition sector. Furthermore, in February 2016, the company acquired Ajinomoto Co.’s (Japan) high-protein tube feeding business to expand its existing portfolio of nutritional solutions. Nestlé’s strong market position can be attributed to its operations in 190 countries, with 442 factories in 86 countries across most geographies. The company focuses on expanding its business as well as strengthening its production capabilities to enhance its market position.

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Cardinal Health, Inc. (US) entered the enteral feeding devices market with the acquisition of Medtronic’s patient recovery business segment in July 2017. The company offers a wide range of enteral feeding pumps, feeding tubes, enteral access systems, and enteral feeding accessories. With its well-established brand, Kangaroo used widely in US hospitals, the company now holds a prominent position in the global enteral feeding devices market. To maintain its position in the market, the company focuses on acquisitions to ensure greater access to global markets and bring complementary business under one roof. The company also focuses on R&D in order to create innovative medical solutions for better patient outcomes. It also emphasizes maintaining a healthy relationship with its customers, which has enabled it to maintain its share and ensure growth in this market. The company’s marketing and sales strategy is focused on the rapid and cost-effective delivery of high-quality products to a diverse group of customers worldwide.

Other prominent players in the global enteral feeding devices market are Fresenius Kabi AG (Germany), Avanos Medical, Inc. (US), B. Braun Melsungen AG (Germany), Abbott Laboratories (US), Becton, Dickinson and Company (US), Boston Scientific Corporation (US), Cook Medical, Inc. (US), CONMED Corporation (CONMED) (US), Danone (France), Moog, Inc. (US), Vygon (France), Amsino International (US), and Applied Medical Technology, Inc. (US).

Related Reports:

Enteral Feeding Devices Market by Type (Feeding Pump, Feeding Tube, Giving Set, Enteral Syringes), Age Group (Adult, Pediatric), Application (Oncology, Diabetes, Hypermetabolism), End User (Hospital, Home Care) - Global Forecast to 2024

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Report Code
MD 1289
RI Published ON
8/23/2019
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